The Drilldown: Canadian Oil Sands pointedly rejects Suncor bid

This week isn’t off to the best start for Suncor Energy Ltd., which has failed in its attempt to take over Canadian Oilsands Ltd. And the target company didn’t just say no. As The Globe and Mail reports, COS described Suncor’s bid as “undervalued, opportunistic and exploitive” and gave 15 reasons for its decision.

What are the risks of Montreal’s plan to dump raw sewage into the St. Lawrence River? Three PhDs will have until Nov. 2 to try to answer this question, the Montreal Gazette reports. These experts were chosen by Environment Minister Leona Aglukkaq.

Alberta Energy Minister Marg McQuaig-Boyd was just in Beijing, where she described how that city and those in northern Alberta are growing closer on the energy file, The Globe and Mail reports.

Internationally:

The UK government is coming under fire from the chief scientist of the United Nations Environment Programme (UNEP) for a recent energy policy decision. As the Financial Times reports, Jacqueline McGlade is taking issue with the government’s decision to scale back its clean energy subsidies. “What’s disappointing is when we see countries such as the United Kingdom that have really been in the lead in terms of getting their renewable energy up and going — we see subsidies being withdrawn and the fossil fuel industry being enhanced,” she said.

Dozens of American companies are echoing the U.S. government’s commitment to climate action, Reuters reports. In addition to the original 13 signatories, almost 70 others are now backing the pledge to support action on climate change.

George Petrolekas wrote an op-ed for The Globe today — For the next prime minister, international issues will define first 90 days — which touches on the Paris climate summit. “It might be possible for a Speech from the Throne to occur before the traditional parliamentary break in mid-December, but in all likelihood Canadians won’t see the specifics of what any new government will wish to accomplish, and a budget date, until mid-January, only then knowing whether we’ll have a winter election or not,” he writes.